From Knowledge Center
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Foreclosures by estimated 1 to 4 family structures, Rate (per 10000) |
| Source CHFA |
| Definition Foreclosure is the legal process by which an owner's right to a property is terminated, usually due to default. It typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt. |
| Data Group Homeownership |
| Dates Available 2008,2009,2010 |
| Publisher US Census, Warren Group |
| Numerator Total foreclosures, Number |
| Denominator Total estimated 1 to 4 family structures, Number |
| Calculation Notes Calculated by adding single family housing units with half value of two family housing units and a weight of 2/3 to housing units towards 3 family households with 1/3 to 4 family housing units from the 3-4 household number from 2005-2009 ACS. |
| Importance There are several tax, credit and legal consequences of foreclosure. |
| Frequency Annual |
| Geography Level State, Town |
| Domains Housing , Other Community Conditions |
| Subdomains Foreclosures , Foreclosures |
| Subject matter Foreclosure Filings |
Facts about Foreclosures by estimated 1 to 4 family structures, Rate (per 10000)RDF feed
| Denominator | Total estimated 1 to 4 family structures, Number + |
| Description | Foreclosure is the legal process by which an owner's right to a property is terminated, usually due to default. It typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt. |
| Domain | Housing +, and Other Community Conditions + |
| Indicator | Homeownership + |
| Numerator | Total foreclosures, Number + |
| Publisher | US Census, Warren Group + |
| Source | CHFA + |
| Spatial | State +, and Town + |
| Subdomain | Foreclosures + |
| SubjectMatterRelatedIndicator | Foreclosure Filings + |
| Temporal | 2008,2009,2010 + |
